Who is Sara Martinez Tucker and what is her background?

Sara Martinez Tucker has been elected as a new director to American Electric Power's Board. Her background is notable, having served as the former undersecretary of the U.S. Department of Education and previously as the president and chief executive officer of the Hispanic Scholarship Fund. This diverse experience in public service and non-profit leadership is now being brought to AEP's board.

What impact does this director change have on AEP's governance?

The election of Ms. Tucker is intended to strengthen the Board's expertise and oversight. Her independence has been formally recognized by the Board, adhering to the company's Corporate Governance guidelines, New York Stock Exchange listing standards, and SEC regulations. This ensures continued robust governance and decision-making processes.

Will Ms. Tucker receive any special compensation for her role?

No, Ms. Tucker will receive the same compensation as other non-employee directors of American Electric Power. Her remuneration will be in line with the existing policies and procedures approved by the Board for directors who are not company employees, ensuring equitable compensation across the board.

Are there any conflicts of interest or special agreements associated with Ms. Tucker's appointment?

The filing explicitly states that there are no arrangements between Ms. Tucker and any other person that led to her election. Furthermore, there are no transactions to which AEP or its subsidiaries are a party in which Ms. Tucker has a material interest. This indicates a clean appointment with no disclosed conflicts of interest.

AEP 8-K: Leadership Changes

Summary

This 8-K filing by American Electric Power Company, Inc. (AEP) announced a change in its Board of Directors. Specifically, the company elected Sara Martinez Tucker as a new director, with her term extending until the 2009 annual shareholder meeting. Ms. Tucker also received an appointment to the Policy Committee. Her background includes significant roles in public service and non-profit leadership, notably as former undersecretary of the U.S. Department of Education and past president and CEO of the Hispanic Scholarship Fund. Importantly for investors, the Board has affirmed Ms. Tucker's independence according to corporate governance guidelines, NYSE listing standards, and SEC rules. As a non-employee director, she will receive standard compensation as outlined for other non-employee directors. The filing also clarifies that there are no undisclosed arrangements or material transactions between Ms. Tucker and the Company that would affect her directorship.

Key Highlights

1Sara Martinez Tucker elected as a new director to the Board.
2Ms. Tucker's directorship term will continue until the 2009 annual shareholder meeting.
3Ms. Tucker appointed to the Company's Policy Committee.
4Ms. Tucker's background includes former Undersecretary of the U.S. Department of Education and CEO of Hispanic Scholarship Fund.
5The Board has determined Ms. Tucker meets independence requirements under company guidelines, NYSE rules, and SEC regulations.
6Ms. Tucker will receive standard compensation for non-employee directors.
7No disclosure of undisclosed arrangements or material transactions involving Ms. Tucker.

AMERICAN ELECTRIC POWER CO INC 8-K Report, Executive Changes (Jan 27, 2009)

Summary

Key Highlights

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